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everybody back to work. martha: stephen moore, is an economic writer at the "wall street journal." good to see you. >> hi there. martha: a couple of things i take away from what austan goolsbee said, they try to manage down expectation and don't want to say things will get better when we have a long way to go. >> that's right, by the way, martha, i have known him several years and is a good economist but what he's disabilities of here is being honest, here. being honest about the repercussions of the stimulus bill, we probably are going to have a number of more months of 9%-plus unemployment, and, this, i think is an admission, at stimulus plan did not work. remember, we were promised an unemployment rate of less than 8% by now. martha: why they are backing away from specific numbers, because, the 8% number has hung around their shoulders in an unpleasant way and there's the august number, 9.6, the highest rate of 10% and nobody is feeling great at 9.6%, and, the stimulus package, there's still a lot of money left in that. a lot of folks wonder why can't we use the money for the new sti
to your paycheck next year if tax cuts are not extended. stephen moore, senior economic writer for the wall street journal, good morning to stkpwhraou by hill. -- hi bill. >> bill: if you make $50,000 a year, your taxes will go up $2900, starting when, the third week in january? >> january 1, 20 # one. as soon as that clock hits midnight, the new year brings those tax increases. >> if you're making $100,000 a year, your taxes go up $4500. >> yes. by the way, bill, let me just say one thing about this, it depends on how many kids you have, because remember there was a child credit in the 2001 and 2003 tax bill, so this is -- i think those examples you're using are for a family of four with two kids. bill: clarification, it is a family of four, based on our research and our brain room. the president has said he signed eight pieces of legislation already that provide small business tax cuts, and your tax haven't gone up in this administration, your taxes have gone down. is he right? >> well, he's partly right. it's true that he has signed a lot of legislation that's supposed to he
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